Company Of The Day: Chevron
What?
Crude oil futures rallied almost 5% over the last week, with NYMEX February WTI standing at $79.50 per barrel as of Friday.
Why?
The gains have been driven by multiple supply-side factors, including unrest in Kazakhstan, pipeline maintenance work in Libya, and a deep freeze in Canada and the northern United States.
So What?
Higher crude prices bode well for oil and gas majors such as Chevron (NYSE:CVX). CVX stock has returned about 37% over the last 12 months.
See Our Complete Analysis For Chevron
What if you’re looking for a more balanced portfolio instead? Here’s a high-quality portfolio that’s beaten the market consistently since the end of 2016.
Returns | Jan 2022 MTD [1] |
2022 YTD [1] |
2017-22 Total [2] |
CVX Return | 7% | 7% | 6% |
S&P 500 Return | -1% | -1% | 110% |
Trefis MS Portfolio Return | -6% | -6% | 271% |
[1] Month-to-date and year-to-date as of 1/9/2022
[2] Cumulative total returns since the end of 2016